Changzhou Tiansheng New Materials Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 27, 2020 at 10:17 am EDT
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Changzhou Tiansheng New Materials Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 412.933 million compared to CNY 395.962 million a year ago. Operating loss was CNY 19.686 million compared to operating Income of CNY 2.972 million a year ago. Net loss was CNY 8.578 million compared to net income of CNY 5.292 million a year ago. Basic loss per share from continuing operations was CNY 0.0263 compared to basic earnings per share from continuing operations of CNY 0.0162 a year ago.
Changzhou Tiansheng New Materials Group Co Ltd is a China-based company mainly engaged in the research, development, production and sales of new polymer materials. The Company's products include soft foam materials, structural foam materials, post-processing products and transportation supporting products. The soft foam materials are used in electronic products, home appliances, automobiles, sports and leisure and other fields. The structural foam materials are used in wind power generation, rail transportation, ships, aerospace, building energy conservation and other fields. The post-processing business carries the application and promotion of the Company's series of structural core materials in the market. The transportation supporting products are mainly sound barrier products, which are used in high-speed railways, subways and other urban rail transportation fields. The Company mainly operates its businesses in the domestic market.